For the time being, the Affordable Care Act (ACA) is here to stay, and employers need to begin preparation for the 2017 filing deadline next year.
Simply put, ACA requires that Applicable Large Employers (ALE) with 50 or more full-time, or full-time equivalent, employees be subject to the employer-shared responsibility provision and the related IRS reporting requirements. Form 1095-C must be provided to employees so they can report relevant information during income tax submission time. But do your employees know what to do and how to prepare?
Here are three things HR Departments can do to engage employees:
- Put together a written timeline for a communication strategy. Share with employees.
- Open Enrollment is a great time to share information with employees. Providing information during OE meetings, or during the enrollment experience, will guarantee that employees will pay attention.
- Host a company-wide ‘lunch-and-learn’ to explain the 1095-C form – what it looks like, when it will be available, and what employees are required to do.
Having engaged employees will ensure a smooth ACA reporting season. Employees will appreciate that ample time was taken to prepare them, and will allow HR departments to focus their resources on other important tasks.
Affordable Care Act